BTC technical outlook: momentum cools as price tests overhead resistance, with RSI flattening and volume weakening. A decisive breakout would confirm fresh bullish bias; failure risks a deeper support retest.
Bitcoin’s price action shows consolidation near key support while volume declines; on-chain metrics and macro indicators suggest potential breakout or deeper retracement depending on liquidity and sentiment.
As Ethereum’s price tumbles to $1,800, analysts scrutinize market trends and investor sentiment to gauge the altcoin’s future trajectory. This latest downturn raises critical questions about ETH’s resilience and potential recovery strategies in the evolving crypto landscape.
**Evening Bitcoin Market Analysis and Price Forecast**
As the evening trading session commences, Bitcoin (BTC) remains under scrutiny amidst heightened market uncertainty. The cryptocurrency has recently struggled to maintain its bullish momentum, fluctuating within a tight range since its failed attempt to breach $24,000 resistance. Technical indicators suggest a potential retracement, with the Relative Strength Index (RSI) hovering near overbought territory, indicating a possible pullback. However, support near $22,000 remains intact, offering a cushion against further price declines. The 50- and 200-day Simple Moving Averages (SMAs) provide additional support levels, suggesting a potential bounce-back if prices dip below their current levels.